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Re: ajtj99 post# 124499

Tuesday, 08/05/2008 3:35:03 PM

Tuesday, August 05, 2008 3:35:03 PM

Post# of 148479
I agree in a standard economy but that is myopic, our financial system is in a shambles and the lower rates are not trickling to long term mortgages in fact they keep climbing acerbating housing prices decline. FED is almost out of paper, it can’t just print more without Congressional approval if memory serves.

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